Economy
Read the latest economy news and briefings, brought to you by the team at The Week
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China: a superpower’s slump
The Explainer After 40 years of explosive growth, China’s economy is now in deep distress — with no turnaround in sight
By The Week Staff Published
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Mini-budget one year on: how the Truss-Kwarteng growth plan lingers
The Explainer Commentators say 'moron premium' has subsided but UK 'still stuck in first gear'
By Chas Newkey-Burden Published
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Richcession: where have all the millionaires gone?
feature Global wealth has dropped for the first time since 2008 – but it may not be bad news for the economy
By Rebekah Evans Published
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The collapse of the Russian rouble
feature The Russian currency has hit its lowest point since the immediate aftermath of the invasion of Ukraine
By Arion McNicoll Published
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The next superpowers: who will hold sway in 2050?
feature China overtakes the US, India emerges, great power ‘blocs’ rule, or tech giants take over – some of the geopolitical possibilities on the horizon
By The Week Staff Published
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Inflation vs. deflation: which is worse for national economies?
Today's Big Question Lower prices may be good news for households but prolonged deflation is ‘terrible for the economy’
By The Week Staff Published
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Interest rates: more ‘trauma’ for households
Talking Point Latest hike will cause ‘plenty of pain for borrowers’
By The Week Staff Published
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Interest rates rise to 5.25% for first time in 15 years
Speed Read Inflation is slowing but at 7.9% it remains well above the Bank of England’s 2% target
By Julia O'Driscoll Published
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The UK’s looming rental crisis
feature Focus on the UK’s mortgage ‘timebomb’ has left plight of private renters largely overlooked
By Arion McNicoll Published
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Five options to get the UK back to 2% inflation
feature Some economists believe alternatives to raising interest rates are in the country’s best interests
By Sorcha Bradley Published
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What’s causing China’s deflation crisis?
Today's Big Question Stalling post-pandemic recovery and weakening demand for exports could lead to growth spiral
By The Week Staff Published
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Why aren’t soaring interest rates bringing down inflation?
Today's Big Question PM pins blame for stubborn inflation on fixed-rate mortgages, but economists say the picture is more nuanced
By Arion McNicoll Published
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Has Saudi Arabia lost control of oil prices?
Today's Big Question Kingdom goes it alone to cut production, risking tension with US and reigniting cooling inflation in Europe
By The Week Staff Published
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What new president Bola Tinubu means for Nigeria
feature Many question whether 70-year-old will be able to revive ailing economy, heal divisions and provide security
By The Week Staff Published
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